Principles and Practice of Management concept,nature,importance
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PRINCIPLES AND PRACTICES OF MANAGEMENT
Transcript of Principles and Practice of Management concept,nature,importance
PRINCIPLES AND PRACTICES OF MANAGEMENT
PRINCIPLES AND PRACTICES OF MANAGEMENT
INDEX INDEX
Concept Management Definitions Nature Art/Science/Profession Importance Administration V/S Management Levels of Mgmnt and Mgmnt skills Characteristics of a Manager
CONCEPT OF MANAGEMENT CONCEPT OF MANAGEMENT
As an Economic Resource As a Team As an Academic Discipline As a Process As a Human Process
Management DefinitionsManagement Definitions
“Management is the art of getting things
done through others .”
Management DefinitionsManagement Definitions
Harold Koontz : “Management is the art of
getting things done through and with
people in formally organised groups .”
Management DefinitionsManagement Definitions
D.J. Clough : “Management is the art and Science of Decision Making and Leadership.”
Management DefinitionsManagement Definitions
Peter F Drucker : “ Management is a multipurpose organ that manages a business and manages managers and manages workers work.”
Management DefinitionsManagement Definitions
Koontz and O’Donnell : “ Management is creation and maintenance of an internal environment in an enterprise where individuals, working in groups can perform efficiently and effectively toward the attainment of groups goals.”
Features (Nature) Of ManagementFeatures (Nature) Of Management
Management is Universal. Management is purposeful. Management is a unifying force. Management is a social force. Management is multidisciplinary. Management is a Continuous Process. Management is intangible.
Features (Nature) Of ManagementFeatures (Nature) Of Management
Management is situational. Management is essentially an effective
function. Management is an art as well as a science.
Management as an ArtManagement as an Art
Art involves the practical application of personal skills and knowledge to achieve concrete results.
It’s the practical way of doing specific things.
It’s a continuous practice over a long period of time.
Main Elements of an ArtMain Elements of an Art
Personal Skills Practical Know How Result Orientation Creativity Constant practice
Management as a scienceManagement as a science
Science is a systematic body of knowledge pertaining to particular field of enquiry. It establishes cause and effect relationship b/w different variables.
It contains underlying principles and theories developed through continuous observation, experimentation and research
Management as a scienceManagement as a science
The principles have universal applicability, can be applied under diff situations.
Management can be taught and learnt in classrooms or in an industry.
Management as an Art/Science Management as an Art/Science
Thus we can conclude that Mgmnt is an art and science both.
An effective manager knows how to apply mgmnt theories in real business situations.
Thus the theory (science) and practice (art) of mgmnt go side by side for efficient functioning of an organization.
Management as a ProfessionManagement as a Profession
A well defined and organised body of knowledge.
Learning and Experience. Entry restricted by qualifications. Recognised national body. Ethical code of conduct. Dominance of Service motive.
Importance Of ManagementImportance Of Management
Achievement of group goals. Optimum utilization of resources. Fulfillment of social obligations. Economic growth. Stability. Human Development. Meets the challenge of change.
Management V/S Administration Management V/S Administration
Administration is above Management :
Administration is a determinative function concerned with laying down basic objectives and broad policies of an org.Mgmnt is an executive function involving direction of human effort towards realisation of such objectives.
Management V/S Administration Management V/S Administration
Administration is a part of Mgmnt : Administration is that part of mgmnt which is concerned with the installation and carrying out of the procedures by which the programme is laid down & communicated and progress of activities is regulated and checked against plans. Mgmnt comprises both policy making and execution.
Management V/S Administration Management V/S Administration
Administration and Mgmnt are one: They are same and their distinction is superfluous and meaningless. In practice the two terms can be used interchangeably. Mgmnt is popular in business enterprises where economic performance is of great importance. Adm. Is preferred in govt. deptt.
Management V/S Administration Management V/S Administration
ADMINISTRATION
MANAGEMENT
Management V/S Administration Management V/S Administration
Points Administration Management
Nature Determinative or Thinking function.
Executive or Doing function.
Scope Determination of major objectives & policies.
Implementation of policies
Level Top Level function. Middle & lower level function.
Main fn Planning & controlling Directing & organising
Usage Govt. & Public sectors Business Org.
Management V/S Administration Management V/S Administration
Points Administration Management
Influence
By Public Opinion & outside forces.
By objectives & policies of org.
Direction of human efforts
Not directly concerned. Actively Concerned.
Eg. Minister,Commissioner,Governor,Registrar.
MD,General Mgr,Branch Mgr.
Skills Reqd.
Conceptual & Human Technical & Human
LEVELS OF MGMNT LEVELS OF MGMNT
Top Mgmnt Middle Mgmnt Supervisory or Operating Mgmnt
LEVELS OF MGMNT LEVELS OF MGMNT
Board of Directors
Marketing Mgr Production Mgr Finance Mgr
Managing Director
Branch Mgrs Plant superintendent Chief accountant
Sales officer Supervisors Finance officers
Salesmen Workers Clerks
Mgmnt Skills Mgmnt Skills
Technical skills. Human Skills. Conceptual skills.
Conceptual Skill
Human skill
Technical skill
Characteristics Of a Manager Characteristics Of a Manager
Interpersonal Roles :
Figurehead Leader Liaison
Interpersonal Roles Interpersonal Roles
Figure Head Leader Liaison
Symbolic Head Motivates subordinates
Contacts with others
Carries legal or social duties
Duties of staffing training
Have liasion with govt.
Organise speeches & Ceremony
Inspire subordinate by setting an eg.
Receive mail
Characteristics Of a Manager Characteristics Of a Manager
Informational Roles :
Monitor Disseminator Spokesman
Informational Roles : Informational Roles :
Monitor Disseminator Spokesperson
Seeks current o/s & i/s info.
Transmits int & Ext info to org
members
Transmits info bout org.
pol.,action,ach.
Handle mail Forward mail to org
Serves as an expert for org
Go through periodical
news
Give verbal instruction to subordinates
Handling Board
meetings.
Characteristics Of a Manager Characteristics Of a Manager
Decisional Roles :
Entrepreneur Disturbance Handler Resource Allocator Negotiator
Decisional Roles Decisional RolesEntrepreneu
rDisturbance
HandlerResource Allocator
Negotiator
Initiates improvement
changes
Handles unexpected situational
crisis
Allot Budget Doing Major negotiations
with customers
and suppliers
Design new projects
Solve conflict n complains
Make programme
4 jun. 2 work
NA
Decisional Roles Decisional RolesSet new
goalsFaces
challenge of competitors
Deal with promotion
NA
Discovers problems
NA Allocate organisational resources
NA
Form new strategies
NA NA NA
